Nicotinic Acid Market

By Form;

Powder, Liquid and Tablets & Capsules

By Grade;

Feed Grade, Food Grade and Pharmaceutical Grade

By Source;

Natural and Synthetic

By End-use ;

Dietary Supplements, Foods & Beverages, Infant Food, Animal Feed, Personal Care and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn308437276 Published Date: September, 2025 Updated Date: October, 2025

Nicotinic Acid Market Overview

Nicotinic Acid Market (USD Million)

Nicotinic Acid Market was valued at USD 351.79 million in the year 2024. The size of this market is expected to increase to USD 404.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.0%.


Nicotinic Acid Market

*Market size in USD million

CAGR 2.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.0 %
Market Size (2024)USD 351.79 Million
Market Size (2031)USD 404.10 Million
Market ConcentrationHigh
Report Pages350
351.79
2024
404.10
2031

Major Players

  • Lonza Group
  • Jubilant Life Sciences
  • Vertellus Holdings LLC
  • Brother Enterprises Holding Co., Ltd.
  • Zhejiang NHU Company Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Nicotinic Acid Market

Fragmented - Highly competitive market without dominant players


The Nicotinic Acid Market is expanding steadily as demand for vitamins and nutritional supplements increases. More than 30% of vitamin formulations include nicotinic acid, also known as niacin, due to its role in maintaining metabolism, cardiovascular health, and overall well-being. Its growing applications in pharmaceuticals, animal feed, and food fortification are fueling market growth.

Technological Advancements
Innovations in fermentation processes, chemical synthesis, and bio-based production methods are transforming nicotinic acid manufacturing. Over 40% of producers are adopting advanced production techniques to achieve higher purity and cost efficiency. These improvements are making nicotinic acid more accessible and expanding its use in multiple industries.

Operational Importance
Nicotinic acid plays a crucial role in cholesterol management, energy production, and dietary supplementation. Nearly 35% of therapeutic products designed for lipid regulation contain nicotinic acid as an active ingredient. Its integration into healthcare and wellness formulations highlights its operational importance for both preventive and therapeutic applications.

Sustainability and Efficiency Trends
The market is witnessing a rise in eco-friendly manufacturing, waste reduction, and cost-effective production methods. Around 45% of companies emphasize green chemistry and sustainable sourcing to meet consumer demand for cleaner and safer products. This trend aligns with the industry’s move toward environmentally responsible practices.

Future Outlook
The future of the nicotinic acid market will be shaped by nutraceutical innovation, expanded pharmaceutical usage, and sustainable production. With more than 50% of upcoming product developments focusing on natural and bio-based formulations, the market is positioned for long-term expansion and broader adoption across health-focused industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Source
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Nicotinic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand globally
        2. Growing health awareness
        3. Rising pharmaceutical usage
        4. Technological advancements
        5. Expanding food industry
      2. Restraints
        1. Stringent regulations
        2. Side effects concerns
        3. Competition from substitutes
        4. Price fluctuations
        5. Limited awareness
      3. Opportunities
        1. Emerging economies' growth
        2. Functional food trends
        3. Innovations in formulations
        4. Focus on preventive healthcare
        5. Nutraceutical market growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Nicotinic Acid Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
      3. Tablets & Capsules
    2. Nicotinic Acid Market, By Grade, 2021 - 2031 (USD Million)
      1. Feed Grade
      2. Food Grade
      3. Pharmaceutical Grade
    3. Nicotinic Acid Market, By Source, 2021 - 2031 (USD Million)
      1. Natural
      2. Synthetic
    4. Nicotinic Acid Market, By End-Use, 2021 - 2031 (USD Million)
      1. Dietary Supplements
      2. Foods & Beverages
      3. Infant Food
      4. Animal Feed
      5. Personal Care
      6. Others
    5. Nicotinic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lonza Group AG
      2. Jubilant Life Sciences Limited
      3. Vertellus Holdings LLC
      4. DSM Nutritional Products
      5. Shandong Hongda Biotechnology Co., Ltd.
      6. Lasons India Pvt. Ltd.
      7. Resonance Specialties Limited
      8. Tianjin Zhongrui Pharmaceutical Co., Ltd.
      9. Vanetta Ltd.
      10. Zhejiang NHU Company Ltd.
      11. TCI Chemicals (India) Pvt. Ltd.
      12. F. Hoffmann-La Roche Ltd
      13. Aarti Drugs Ltd.
      14. Divis Laboratories Ltd.
      15. Meenaxy Pharma Pvt. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market